Egypt Oil & Gas

JULY 22, 2025

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. Earlier this year, bp started production from the second development phase of the Raven field, offshore the Mediterranean. bp has been present in Egypt for over 60 years, with investments exceeding $35 billion.

Natural Gas

McKinsey

JULY 10, 2025

10 Based on the European Union’s 2021 emissions. In July 2024, France launched its updated CCUS strategy, targeting a CO 2 emissions reduction of 4 to 8 Mtpa by 2030 and identifying potential onshore and offshore CO 2 storage locations. Transport type: Offshore pipeline transport costs are typically 1.3

Transportation

Oil Gas Leads

JULY 7, 2025

Rig Count Summary (Latest Baker Hughes Report) Category Current Count Change (W/W) Change (Y/Y) Total U.S. The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.

Oil

Valor

JULY 7, 2025

oil and gas rig count fell, dropping by eight to 539 as of July 3, its lowest level since October 2021 and down 8% from the previous year. The tender offers rights for 22 offshore and onshore blocks, with contracts for successful bidders like Chevron, TotalEnergies, and Exxon expected by the end of 2025. million barrels.

Energy

Oil & Gas 360º

JULY 14, 2025

The exchange will support ExxonMobil’s restoration of refinery operations that were reduced due to an offshore supply disruption. Mars crude is produced offshore Louisiana and is a staple with Gulf Coast refineries. Exxon has said it wouldn’t buy Mars crude until the issue with the zinc contamination is resolved.

Crude Oil

Oil Gas Leads

JUNE 30, 2025

Oil rigs at their lowest since October 2021. Rig Count Summary – Week Ending June 28, 2025 Category Current Change (Week) Change (Year) Total Rigs 547 ▼ 7 ▼ 34 (▼6%) └─ Oil Rigs 432 ▼ 6 ▼ 47 (▼10%) └─ Gas Rigs 109 ▼ 2 ▲ 12 (▲12%) └─ Misc. Gas rigs up YOY , signaling selective interest in gas-focused plays.

Consulting

Oil & Gas Journal

JULY 17, 2025

Alex Procyk July 17, 2025 95931355 © Alena Redchanka | Dreamstime.com Equinor Energy AS drilled a dry well in the Garantiana NV prospect in production license (PL) 554 about 120 km west of Florø in the North Sea, the Norwegian Offshore Directorate reported July 17. It was terminated in the Burton formation from the Early Jurassic.

Dry Hole

Rigzone

JULY 7, 2025

and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. Texas-based ExxonMobil and state-owned QatarEnergy are also partners in Cyprus’ Block 5, for which they signed an exploration and production sharing contract December 2021 with ExxonMobil as operator.

Gas

Rigzone

JULY 31, 2025

On March 31, 2021, Premier Oil plc announced that the all share merger between Premier and Chrysaor Holdings Limited was completed. According to its site, the NSTA licenses, regulates, and influences the UK oil and gas, offshore hydrogen, and carbon storage industries.

Oil

Oil & Gas 360º

JUNE 11, 2025

sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. Meanwhile, offshore output is set to grow to 1.85 (World Oil) – The U.S. President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37 million bpd in 2026 from about 13.42

Oil

Rigzone

JULY 11, 2025

At the same time, developers must weigh the risk of renewed terrorist attacks, which prompted Total to halt its $20 billion facility in 2021 in the northern province of Cabo Delgado. Revenue from gas exports could be significant for the southern African nation, one of the world’s poorest.

Exploration and Production

CNBC: Energy

JULY 18, 2025

listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Hess' departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana. and Square Inc.,

Finance

Offshore Engineer

MAY 4, 2025

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021

Utilities

The Energy Law

NOVEMBER 28, 2022

The Infrastructure Investment and Jobs Act (IIJA), signed into law on November 15, 2021, amended Section 40307 of the Outer Continental Shelfs Act (OCSLA) to provide authority to the U.S. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.

Offshore

The Energy Law

JUNE 22, 2023

built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. The Kansas-engineered substation was designed and built by Kiewit Offshore Services, Ltd., back in 2021. back in 2021.

Offshore

The Energy Law

MAY 24, 2023

On May 17, 2023, the United States District Court for the District of Massachusetts dismissed plaintiffs’ challenges to the Vineyard Wind Project—the United States’s first major offshore wind project. United States Department of the Interior , 1:21-cv-11091-IT; and Responsible Offshore Development Alliance v.

Offshore

The Energy Law

AUGUST 31, 2023

Bureau of Ocean Energy Management (BOEM) held its long-anticipated offshore wind lease sale for the federal Outer Continental Shelf (OCS) in the Gulf of Mexico (GOM) on Tuesday, August 29, 2023. million winning bid for the lease area offshore Louisiana, submitted by the provisional winner, RWE Offshore US Gulf, LLC (RWE).

Offshore

Energy Central

MAY 22, 2024

Moving industrialization offshore can look like a good idea at first. Also, the broken supply lines of 2020 and 2021 showed that transferring major industries offshore could lead to empty shelves in stores, plus unhappy customers. But as fossil fuel energy supplies deplete, this strategy works less well.

Offshore

The Energy Law

AUGUST 1, 2022

The first two meetings were held on June 15, 2021 , and February 2, 2022 , respectively. Task Force members were then given the opportunity to provide updates on their efforts in support of offshore wind energy development, which included recent legislation regarding coastal restoration and revenue sharing, and voice any areas of concern.

Offshore

POWER Magazine

MARCH 31, 2025

has withdrawn from the Just Energy Transition Partnership (JETP), a 2021-launched financing cooperation mechanism, that seeks to help a selection The post POWER Digest [April 2025] appeared first on POWER Magazine. Withdraws from Global Clean Energy Partnership.

Mechanic

The Energy Law

JANUARY 28, 2021

Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. The Texas Legislature convened for its 2021 session earlier this month with several issues on the agenda. 3] In South Carolina, the subject of offshore oil and gas activities is again poised for debate.

Energy

The Energy Law

DECEMBER 6, 2021

The Infrastructure Investments and Jobs Act (the “Act”), which was passed into law on November 15, 2021, included key amendments to the Outer Continental Shelf Lands Act (“OCSLA”) that pave the way for carbon sequestration in offshore federal waters.

Offshore

Oil & Gas 360º

APRIL 3, 2025

Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets to ensure alignment with value-maximization objectives, Onanuga said.

Oil

The Energy Law

JANUARY 28, 2021

Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. The Texas Legislature convened for its 2021 session earlier this month with several issues on the agenda. In South Carolina, the subject of offshore oil and gas activities is again poised for debate.

Energy

The Energy Law

OCTOBER 12, 2022

This is the first in a series of articles in which Liskow’s offshore team will discuss the regulatory framework for wind energy projects in federal waters and highlight legal issues pertinent to this dynamic area. To date, the development of offshore wind in federal waters has largely been limited to the east coast. federal waters.

Energy

Energy Central

FEBRUARY 22, 2022

In 2021, total generation increased by about 750 TWh (that’s around 1.3 Half of all offshore. The long Covid lockdown seems to have had little effect on China’s electricity generation growth. times Germany’s absolute total).

IT

Egypt Oil & Gas

APRIL 9, 2025

Eni has been a key player in the energy sector, especially following the discovery of the Zohr offshore gas field in 2015the largest in the Mediterranean. This year, the second well-drilling campaign in the field kicked off with the aim of reversing the production decline that began in 2021 and reached a six-year low in 2024.

Energy

Oil & Gas 360º

MAY 12, 2025

Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by the United States, with offshore Malaysia serving as a key trans-shipment hub for Venezuelan and Iranian crude. Since July 2024, however, traders have also rebranded Venezuelan oil as from Brazil.

Oil

Oil & Gas 360º

APRIL 4, 2025

The Nigerian National Petroleum Company (NNPC) has announced it is in the final stages of preparing for its IPO, as mandated by the Petroleum Industry Act of 2021.

Oil

The Energy Law

JANUARY 21, 2021

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue.

E&A

The Energy Law

JUNE 21, 2021

On June 9, 2021, Texas Governor Greg Abbott signed House Bill 1284 (“HB 1284”), which was introduced along with its Senate companion, SB 450, during the state’s 87th legislative session. The TCEQ will also continue to have input on each application for a permit to build a Class VI well, regardless of whether or not primacy is achieved.

Underground Injection Control

The Energy Law

JUNE 21, 2021

On June 9, 2021, Texas Governor Greg Abbott signed House Bill 1284 (“HB 1284”), which was introduced along with its Senate companion, SB 450, during the state’s 87th legislative session. The TCEQ will also continue to have input on each application for a permit to build a Class VI well, regardless of whether or not primacy is achieved.

Underground Injection Control

The Energy Law

FEBRUARY 9, 2021

20-30300, 2021 WL 96168, a three-judge panel of the U.S. On January 11, 2021, the Fifth Circuit panel affirmed. Hercules Offshore, Inc., Hercules Offshore, Inc., 2021 WL 96168 at *2. 2021 WL 96168 at *2. 2021 WL 96168 at *3. 2021 WL 96168 at *4. In In re Deepwater Horizon , No. See Barker v.

Casing

Oil Gas Leads

JUNE 2, 2025

rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. June 2, 2025 The U.S. Oil rigs led the decline, while natural gas rigs posted a slight gain. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states.

Natural Gas

Oil Gas Leads

APRIL 14, 2025

million bpd ( from 6.57 million bpd in March) Macro Commentary This marks the third consecutive weekly decline in rig activity, driven by oil price pressures and a strategic shift by operators toward shareholder returns over production growth.

Oil

The Energy Law

JANUARY 21, 2021

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue.

E&A

The Energy Law

FEBRUARY 9, 2021

20-30300, 2021 WL 96168, a three-judge panel of the U.S. On January 11, 2021, the Fifth Circuit panel affirmed. Hercules Offshore, Inc., Hercules Offshore, Inc., 2021 WL 96168 at *2. 2021 WL 96168 at *2. 2021 WL 96168 at *3. 2021 WL 96168 at *4. In In re Deepwater Horizon , No. See Barker v.

Casing